Gluskin Sheff's Rosenberg: Core Inflation Has Bottomed; Get Ready for Stagflation

``"My sense is that once this consumer deleveraging cycle is over, and there are signs that it is coming to an end if it hasn't ended already, you're going to see the velocity of money start to rise, against the backdrop of double-digit growth of the monetary base, and that is going to lead to inflation down the road," Rosenberg told Yahoo. ''